Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Swisscom AG (OTCMKTS:SCMWY) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 11,404 shares, an increase of 217.8% from the December 31st total of 3,588 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 13,797 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 13,797 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s shares are short sold.

Swisscom Stock Performance

SCMWY opened at $82.64 on Friday. Swisscom has a 1 year low of $54.66 and a 1 year high of $82.92. The company’s 50 day simple moving average is $72.98 and its 200 day simple moving average is $72.85. The stock has a market capitalization of $428.09 billion, a PE ratio of 29.00 and a beta of 0.26.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.62 billion. Swisscom had a net margin of 8.87% and a return on equity of 10.34%. As a group, sell-side analysts expect that Swisscom will post 3.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SCMWY. BNP Paribas Exane raised shares of Swisscom from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. Zacks Research upgraded Swisscom from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Swisscom presently has an average rating of “Hold”.

About Swisscom

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.